Saturday, January 3, 2015

ecns [expanded by feedex.net]: One more large object located by search, rescue teams: chief

ecns [expanded by feedex.net]

ecns

One more large object located by search, rescue teams: chief
http://www.ecns.cn/2015/01-04/149182.shtml
Jan 4th 2015, 04:12

2015-01-04 13:12 Web Editor: Gu Liping


Indonesia search and rescue teams have located a fifth large object on the seabed, agency chief Fransiskus Bambang Soelistyo said on Sunday. [Special coverage]


The Indonesia AirAsia flight 8501 crashed into the Java Sea last Sunday while en route from Indonesia's Surabaya to Singapore with 162 people on board.


No survivors have been found. Search teams had earlier found four large objects believed to be part of the missing aircraft.





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ecns [expanded by feedex.net]: Salary reform on SOEs chiefs to shake up State sector

ecns [expanded by feedex.net]

ecns

Salary reform on SOEs chiefs to shake up State sector
http://www.ecns.cn/business/2015/01-04/149181.shtml
Jan 4th 2015, 04:08

2015-01-04 13:08 Web Editor: Qin Dexing


The salary reform, which trims payment for executives from centrally administered State-owned enterprises in China, is now in effect starting from the New Year's day.


The reform is first being implemented on some 200 executives from 72 State companies.


The difference in executives' salary as a result of the reform will be mainly reflected on the performance of duties.


"Take the nature of companies for example, the index number of those companies in highly competitive industries should be higher than those monopolies and non-profit ones. And from the perspective of the size of the business, companies with bigger operational capacity will have higher index figures than those with smaller capacities. The purpose of the coefficient is to reflect the varied difficulty for executives running different companies, and the differences in their job performance," said Qiu Xiaoping, vice minister of Human Resources and Social Security.


For years, the yawning gap between what is paid to top executives and average workers at these state companies has led to grievances among the public.


The move to narrow the gap between top executives and average workers is part of a broader plan to reform the inefficient state sector.





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ecns [expanded by feedex.net]: Weather termed 'triggering factor' behind AirAsia crash: report

ecns [expanded by feedex.net]

ecns

Weather termed 'triggering factor' behind AirAsia crash: report
http://www.ecns.cn/2015/01-04/149180.shtml
Jan 4th 2015, 04:02

2015-01-04 13:02 Web Editor: Gu Liping


Weather is a factor triggering the crash of AirAsia QZ8501 flight with 162 people on board into Java sea a week ago, said Indonesia's meteorological department. [Special coverage]


Indonesian Agency for Meteorology, Climatology and Geophysics made the statement in an analysis report released on its website on Sunday.


The pilot asked for permission to turn left to avoid cumulonimbus clouds, and raise the height of the aircraft to 38, 000 feet, before it lost contact at 6:17 in between the way point Tavip and RAFIS, according to the report.


Preliminary analysis indicates that the aircraft may have to fly into storm cloud which had become the factor behind several plane crashes in Indonesia, said the report, referring to the Garuda Indonesia Flight 421 accident in 2002, and the Adam Air Flight 574 crash in 2007.


The satellite image showed that the peak temperature is between- 80 and -85, which means there are grains of ice in the cloud,said the report.


With the information available in the area where the AirAsia QZ8501 was finally detected, the meteorological agency said the weather is a factor triggering the accident, but noted this is just a possibility and not a final report on the fatal crash.


AirAsia flight 8501, an Airbus A320-200 carrying 162 people, crashed last Sunday en route from Indonesia's Surabaya to Singapore. So far 30 bodies have been recovered through multinational search operations, with six of them identified as passengers onboard the plane.





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ecns [expanded by feedex.net]: WTA announces new tournament in Zhuhai, China

ecns [expanded by feedex.net]

ecns

WTA announces new tournament in Zhuhai, China
http://www.ecns.cn/2015/01-04/149183.shtml
Jan 4th 2015, 04:14





2015-01-04 13:14 Web Editor: Li Yan


A new tournament, the WTA Elite Trophy Zhuhai, will be held in Zhuhai in southern China from 2015-19, the Women's Tennis Association (WTA) announced.


Following on from the BNP Paribas WTA Finals Singapore presented by SC Global on the tennis calendar, Zhuhai's 12-player singles field will consist of players ranked between No.9 and No.20, along with one wildcard. The qualifiers will compete in a four-group round robin format, with the winners of each group advancing to the semifinals. The six doubles teams will be split into two round robin groups, with the winner of each advancing to the final.


"This brand new event combining great players, a fantastic new stadium and the magnificent location of Zhuhai is a formula that will make the WTA Elite Trophy a success," WTA Chairman & CEO Stacey Allaster said. "Thanks to the commitment and vision of the Zhuhai government, Huafa Group and Ace Pro Group - APG, the fan experience will be exciting and inspirational, and we will showcase women's tennis and this beautiful city to a global audience through broadcast, digital and social media."


The addition of the WTA Elite Trophy in Zhuhai aligns with the WTA's strategic growth and development within Asia. After opening a Beijing office in 2008, a close partnership with the Chinese government and Tennis Federations has allowed the sport to thrive in the region with audience numbers and participation levels soaring. In 2014, 17 WTA tournaments took place in the Asia-Pacific region.


The WTA Elite Trophy will take place on November 2-8 at the custom-designed, state-of-the-art tennis center in Zhuhai.









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ecns [expanded by feedex.net]: Authorities release name of 36th victim of tragedy

ecns [expanded by feedex.net]

ecns

Authorities release name of 36th victim of tragedy
http://www.ecns.cn/2015/01-04/149179.shtml
Jan 4th 2015, 02:34





2015-01-04 11:34 Web Editor: Gu Liping


Shanghai local authorities yesterday named 18-year-old Liu Yajie as the 36th victim of the New Year's Eve stampede taking place in Chen Yi Square on the city's famous Bund waterfront district.


Of the 29 people still being treated for their injuries, nine are said to have been severely hurt, while "a few" remain in a critical condition, the Shanghai Health and Family Planning Commission said yesterday.


Officials said on Friday four people were in a critical condition. A total of 49 people — 27 men and 22 women — were injured in the incident, of whom 20 have since been allowed to return home.


All of the casualties were treated at Ruijin, Changzheng and Shanghai No. 1 People's hospitals, the commission said. As well as treatment for their physical trauma, patients and their relatives are being given psychological counseling, said Wu Jinglei, a commission spokesman.


Thirty-six people, including students of Fudan University, East China Normal University and East China University of Political Science and Law, were crushed to death as large crowds moving in opposite directions came together on the steps leading to the waterfront sightseeing platform at Chen Yi Square.


The youngest of the victims was 12-year-old Mao Yongjie, and the oldest 37-year-old Du Shuanghua.


Thirty-four of those killed were residents of the Chinese mainland, while one was from Taiwan and the other from Malaysia.


The scene of the tragedy has been cordoned off to allow people to lay floral tributes to the people who lost their lives.









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ecns [expanded by feedex.net]: Indentities of Shanghai stampede victims verified

ecns [expanded by feedex.net]

ecns

Indentities of Shanghai stampede victims verified
http://www.ecns.cn/2015/01-03/149117.shtml
Jan 3rd 2015, 06:56

2015-01-03 15:56 Web Editor: Si Huan


Shanghai authorities have verified and unveiled all identities of the 36 victims killed in the Bund new year eve stampede, the government's press office said on Saturday.


According to the victim list, 34 were residents of the Chinese mainland, 1 was from Taiwan and one was a Malaysian citizen.


The youngest victim was 12 years old and the oldest was 37 years old.


Students of Fudan University, East China Normal University and East China University of Political Science and Law were among those killed, according to sources.


The stampede happened on Wednesday night as tens of thousands people assembled in Shanghai's historic riverfront walk to see a new year skyline show in the Pudong financial area on the opposite side of the Huangpu River.


Police are investigating the cause of the stampede and the municipal government has set up a work team for rescue operations.


The municipal government has been caught in the backwash of criticism for not making effective preparation measures to cope with the crowds that flocked to the Bund.





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ecns [expanded by feedex.net]: China to take paced monetary easing: Barclays economist

ecns [expanded by feedex.net]

ecns

China to take paced monetary easing: Barclays economist
http://www.ecns.cn/business/2015/01-03/149116.shtml
Jan 3rd 2015, 06:51

2015-01-03 15:51 Web Editor: Si Huan


Lowering financing costs remains a policy priority for China in 2015 given the likely limited effects on lending rates from the benchmark interest rate cut on Nov. 21, said Chang Jian, Barclays Chief China Economist.


Fundamentally, reduced capital inflows result in tighter system liquidity and rising bank funding costs, reducing banks' incentives to pass on the lending rate cut, Chang said in a note on Friday.


In the near term, the government is not likely to send too strong an easing signal, such as a required reserve ratio (RRR) cut, in view of the strong rally recently seen in the stock market, she said.


Chang expects a more paced monetary easing cycle and risks of a delay in the RRR cuts and interest rate cuts in 2015, believing that RRR cuts look unavoidable if lowering lending rates is a policy priority.


The Chinese central bank cut the benchmark interest rate for one-year deposits by 25 basis points and the one-year lending rate by 40 basis points on Nov. 21, 2014.


This was the first adjustment to the benchmark rates since July 2012 and has boosted stock markets in Shanghai and Shenzhen.





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